Canada drops retaliatory tariffs
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The move represents an about-face for Canada, which had been one of the few countries to punch back against President Trump’s protectionist agenda.
Earlier this year, various European political officials floated the possibility of Canada joining the European Union (EU) in the near future, but, more recently, Canada's special envoy to Europe, Stephane Dion,
Prime Minister Mark Carney’s decision to remove many tariffs on imports from the US comes after a series of warnings from businesses and analysts that the levies were inflicting economic damage on Canada.
Canadian Prime Minister Mark Carney spoke with U.S. President Donald Trump on Thursday and had "a productive and wide-ranging conversation" on trade challenges and other issues, Carney's office said in a statement.
Canadian Prime Minister Mark Carney has received both criticism and praise on social media after announcing on Monday that he is dropping retaliatory tariffs introduced on U.S. goods that are covered under the Canada-United States-Mexico trade agreement (CUSMA).
Economic and security ties are front and centre as Prime Minister Mark Carney meets allies over the next few days in eastern and central Europe.